from KingWorldNews:
You can have a disconnect between the paper gold market and the physical gold market for several months before the physical market reasserts itself. At the end of the day, it’s whoever buys the last ounce of physical gold that will determine the price of gold.
But in the meantime, the paper gold market is 10 times bigger than the physical market, so it can dictate price for quite a few months, and you can have a disconnect. It is quite true that in China, in particular, 2013 will be a record in terms of gold demand.
Pierre Lassonde continues @ KingWorldNews.com
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You can have a disconnect between the paper gold market and the physical gold market for several months before the physical market reasserts itself. At the end of the day, it’s whoever buys the last ounce of physical gold that will determine the price of gold.But in the meantime, the paper gold market is 10 times bigger than the physical market, so it can dictate price for quite a few months, and you can have a disconnect. It is quite true that in China, in particular, 2013 will be a record in terms of gold demand.
Pierre Lassonde continues @ KingWorldNews.com
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